SINGAPORE (Apr 30): As conglomerates continue to grapple with the effects of the Covid-19 outbreak, analysts are remaining bullish on Keppel Corp due to its diversified business strategy. 

This comes despite the group reporting earnings of $160.5 million for 1QFY2020 ended March, denoting a 20.9% decline from earnings of $202.9 million a year ago. Keppel had attributed the decline to an absence of gain on divestment of a 70% interest in Dong Nai Waterfront City in Vietnam last year. 

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